SBI's report 'Ecowrap' lowers India's growth rate to 4.6% for FY 2020_00.1
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SBI’s report ‘Ecowrap’ lowers India’s growth rate to 4.6% for FY 2020

SBI's report 'Ecowrap' lowers India's growth rate to 4.6% for FY 2020_50.1

The State Bank of India has released its research report ‘Ecowrap’. In the report ‘Ecowrap’, the economic research department of SBI has lowered India’s growth rate to 4.6% in the fiscal year 2020. The report also stated that agriculture and allied activities are expected to grow at 2.8%, while growth in industry projected to grow at 2.5% in fiscal year 2020. The service sector is also expected to increase to 6.9% in fiscal year 2020.

Important takeaways for all competitive exams:

  • Chairperson of SBI: Rajnish Kumar; Headquarters: Mumbai; Founded: 1 July 1955.

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SBI's report 'Ecowrap' lowers India's growth rate to 4.6% for FY 2020_60.1

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